Serrano street in Madrid, the most expensive to buy housing

Although prices have fallen 6% in this is, the square meter stands at 10,246 euros.

The Madrid street of Serrano remains the most expensive axis when it comes to buying housing in Spain, with an average price of 10,246 euros per square meter. Weight to that in this location a floor of 100 square meters costs more than one million euros, prices have been reduced by 6% in the last year.

The most economical of the city of Madrid is in San Cristóbal de los Angeles, where the square meter sells for 723 euros, 16% more than in 2015. These are the conclusions of the latest report of Tecnitasa, And financial institutions.

Barcelona is the second Spanish city with the most expensive metro, specifically Paseo de Gracia, where the maximum price stands at 8,957 euros, 6% more than a year earlier. San Sebastián occupies the third place of the cities with a price per square meter more expensive, reaching the 6,820 euros in the zone between Liberty Avenue, Boulevard, Plaza Gipuzkoa or Calle Hernani, in the center, which supposes an increase of 11 %.

At the other extreme, the towns of Talavera de la Reina (Toledo) with 317 euros, Castellón (363 euros), Huesca (392 euros) and Elche (Alicante), with 399 euros have the lowest minimum prices in Spain, Below the 400 euros. The first stands out for having had the biggest decline with 9% compared to 2015, Castellon would remain the same as last year, in the case of Huesca has increased that minimum price by 2%, while in Elche the price also fell By 2%.

The report points out that localities such as Burgos, Madrid, Zamora, Palencia and Santander are the ones whose prices have fallen the most, with declines, which would be between 8% and 3%. In contrast, both the Balearic Islands and the Canary Islands stand out for the rebound of between 5% and 8% of their prices.

José María Basáñez, president of the appraisal society, points out that “house prices are rising mainly in the cities of the north, east and in the islands. These increases are expected to expand and consolidate the trend for the rest of Spain, as a result of greater political stability following the formation of government and the improvement of the economy in general.